Of the total amount of taxes paid, most (53.2 per cent) will go to the federal government.
tax freedom day
The federal government and three provinces—Ontario, Manitoba and Alberta—are expected to run budget deficits this year.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
This year, the federal government and six of 10 provinces will run budget deficits.
The average Canadian family will pay 43.6 per cent of its income in taxes.
In 2017, the average Canadian family with two or more people will pay $47,135 in total taxes.